Runwise

There are literally millions of dollars of energy efficiency rebates available from your local utility to make your building more energy efficient. If your building is like most others, you probably haven't claimed much, or any, of that money. And that is a huge missed opportunity. We create a tool (link below) that will find which rebates are available and how to claim them. Try it out: https://hubs.li/Q02JT_lc0

Local Law 97 is a significant concern in New York City, but it's also something for other cities to pay attention to since most large cities are modeling their climate legislation off this law. Here's a recap of a live event we held to discuss how to find your local law 97 fines and the top 5 most cost-effective measures you can take to reduce or avoid the fine: 1. Insulation: Ensure all headers and risers in your heating system are properly insulated. Simple and low-cost. This measure can significantly reduce heating costs and improve your Local Law 97 compliance score. 2. Master Venting and Steam Trap Maintenance: Properly venting and maintaining steam traps ensures your heating system runs efficiently, reducing the energy required to heat your building. 3. Smart Controls: Implementing indoor temperature sensors and smart controls can optimize your heating system’s performance, potentially reducing energy usage by 20-30%. 4. Hot Water Heaters: Installing separate, efficient gas-fired or electric hot water heaters can decrease energy consumption during warmer months when large boilers are typically inefficient. 5. Boiler Downsizing: If necessary, consider downsizing to a modern, high-efficiency boiler. This significant investment can yield substantial long-term savings and help achieve compliance through 2035. You can watch a recording of the full event on our blog here: https://hubs.li/Q02JTNsJ0

Yesterday we posted 3 cost effective steps to help reduce or eliminate building fines from New York City's Local Law 97. Here are two more measures that also provide a high ROI to cost ratio: 1. Install Efficient Hot Water Heaters: In the warmer months, avoid using large, energy-consuming boilers for hot water. Opt for gas-fired or electric hot water heaters to keep boilers off and drastically reduce energy usage during summer. 2. Downsize and Upgrade Boilers: Most buildings have oversized boilers. By downsizing and installing a high-efficiency, four-pass gas-fired boiler, you can make a substantial impact on your Local Law 97 grade and score. This is a cost-intensive step, but the potential savings and efficiency gains are significant. Start with cost-effective measures first, and as you progress, consider these two larger upgrades for long-term compliance and efficiency.

With around 60% to 70% of buildings in NYC facing fines with climate law, Local Law 97, it's critically important to make building improvements now. In collaboration with Ralph Jermaine, one of New York's most experienced engineers, we've crafted a plan to help centrally heated buildings meet compliance targets for 2030 and even 2035. These steps are not only cost-effective but also offer the highest ROI: 1. Insulate Central Heating Systems: Check your basement for missing insulation on risers and headers. This simple and inexpensive measure can significantly reduce heating bills. 2. Mass Prevention and Steam Trap Maintenance: Ensure your steam system is free of air build-up, allowing steam to flow efficiently and reduce unnecessary oil or gas usage. 3. Implement Smart Controls: Utilize indoor temperature sensors to monitor energy usage. This measure can save 20-30% on energy costs and typically pays for itself in under a year, providing a quick ROI.

The summer heat has been brutal for most areas of the US this year - which means most buildings in those areas will see extra high energy bills. The Commercial Property Executive recently published their August issue where we offered some strategies for reducing the cost of cooling buildings. The image below is a short list of a few things that can have a big impact on your energy costs. https://hubs.li/Q02JP4TB0

Honored to be included as one of the top innovators in the industry - and in the top 4 for building electrification and efficiency! https://hubs.li/Q02JKwqX0

Philip Russo's recent article in the Commercial Observer provides an interesting look at how Proptech businesses are doing - it's a mixed bag of highs and lows out there. What we've seen consistently at Runwise is those companies that are focused on business models that provide a clear and fast ROI for customers are doing well, despite economic headwinds. We have a bold mission in making a global impact on climate change. But we know the only we'll accomplish the larger goal is if our customers win first, and quickly. https://hubs.li/Q02JKtj20

There are some really great insights listed here - How multifamily property owners and managers are bracing for extreme-weather events. https://hubs.li/Q02JKnhH0

One of the biggest sources of energy waste is central cooling systems. And in large buildings, almost every central cooling system is running incredibly inefficiently.

We are so proud of our team! Runwise was recognized as 16th in the Top Workplaces of employers in New York City!